MyECheck Inc., a leading electronic transaction processor and provider of alternative payment solutions, was featured in a full-page USA Today advertisement. The company offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions. The company was created to meet the demand for an alternative payment solution to credit cards when buying products and services online.
MyECheck’s client base is increasing constantly as retailers recognize the value of using Check 21 imaging for completing transactions. The company’s numerous customers and partners include: First Regional Bank, CardinalCommerce, Transfirst, Secure Payment Systems, AE Checking, Checkgateway, AspDotNetStorefront, IP Commerce, National Cash Management Systems, Forever Living Products, Simon Property Group, EverPay, and Symmetry Direct.
The eChecks processed on the MyECheck system are normally accepted in just a few seconds and cleared the same day or overnight. This is a substantial improvement over ACH, which typically takes 3-5 days. The solution also boasts of higher approval rates and lower processing costs, while maintaining high security and the ability to debit any U.S. checking account.
Checks are still the #1 form of payment with the value of checks processed each year reaching over $41.7 trillion. With 50% of adults either having no credit cards or no available credit, 80 million U.S. adults don’t even have the ability to purchase merchandise online at ecommerce sites that only accept credit cards. MyECheck is poised for additional growth as businesses continue to realize the importance of accepting alternative methods of payment.
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